Lamps And Lighting Market to Reach USD 165.73 Billion by 2030 Driven by Rising LED Adoption

Market Overview - The Lamps and Lighting Market is valued at USD 134.14 billion in 2025 and is projected to reach USD 165.73 billion by 2030, advancing at a 4.32% CAGR, driven by increasing LED adoption, replacement demand for older fixtures, and the expansion of smart-building solutions [1][12] - Asia-Pacific leads the market due to rapid urbanization and large-scale infrastructure projects, with consumers prioritizing energy efficiency and aesthetic appeal [1][12] Key Trends - Replacement Demand for LED Lamps: The secondary-replacement demand for LED lamps is a significant driver as first-generation products reach the end of their operational life, with consumers seeking better features like improved color rendering and smart controls [3] - Regulatory Support and Energy Efficiency: Government regulations are phasing out fluorescent and halogen lamps, particularly in the EU and North America, encouraging LED adoption and ensuring energy savings [4] - Commercial Retrofits and Smart-Building Integration: Commercial buildings are rapidly retrofitting lighting to meet sustainability standards and improve energy efficiency, with smart-building systems allowing better control and management of lighting networks [5] - Horticultural and Human-Centric Lighting: Demand for specialized horticultural lighting is driven by controlled-environment agriculture, while premium segments like healthcare and hospitality are adopting human-centric and micro-LED lighting solutions [6] Market Segmentation - By Product: Includes table & floor lamps, ceiling lights & chandeliers, wall-mounted fixtures, light bulbs & fittings, and other products [11] - By Light Source: Comprises LED, fluorescent, incandescent, halogen, and other light sources [11] - By Application: Encompasses residential, commercial, industrial, outdoor, horticulture, healthcare, and other applications [11] - By Distribution Channel: Features B2C channels like hypermarkets, home centers, specialty stores, and online, as well as B2B direct sales [11] - By Geography: Covers regions including North America, South America, Europe, Asia-Pacific, and the Middle East and Africa [11] Competitive Landscape - Key players in the market include Signify (Philips Lighting), Acuity Brands, Osram Licht AG, GE Current (Daintree), and Eaton (Copper Lighting), focusing on LED, smart lighting, and energy management solutions [13]